StockNews.com assumed coverage on shares of Steel Partners (NYSE:SPLP - Free Report) in a research report report published on Saturday morning. The brokerage issued a strong-buy rating on the conglomerate's stock.
Steel Partners Stock Down 2.4 %
SPLP stock traded down $1.00 during trading hours on Friday, hitting $40.56. The company's stock had a trading volume of 1,327 shares, compared to its average volume of 4,903. The company has a market capitalization of $778.14 million, a PE ratio of 4.16 and a beta of 1.37. The stock has a 50 day moving average price of $41.39 and a two-hundred day moving average price of $41.03. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.11. Steel Partners has a 12 month low of $34.55 and a 12 month high of $48.45.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SPLP. Teton Advisors Inc. grew its stake in Steel Partners by 4.0% during the fourth quarter. Teton Advisors Inc. now owns 13,000 shares of the conglomerate's stock worth $553,000 after buying an additional 500 shares during the last quarter. De Lisle Partners LLP grew its position in Steel Partners by 83.0% during the 3rd quarter. De Lisle Partners LLP now owns 22,877 shares of the conglomerate's stock worth $924,000 after acquiring an additional 10,377 shares during the last quarter. HighTower Advisors LLC increased its holdings in Steel Partners by 2.5% during the 3rd quarter. HighTower Advisors LLC now owns 26,420 shares of the conglomerate's stock valued at $1,082,000 after purchasing an additional 635 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in Steel Partners by 3.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 96,864 shares of the conglomerate's stock valued at $4,123,000 after purchasing an additional 3,300 shares in the last quarter. 50.75% of the stock is owned by institutional investors.
Steel Partners Company Profile
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Steel Partners Holdings L.P., together with its subsidiaries, engages in industrial products, energy, banking, defense, supply chain management, logistics, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, Financial Services, and Supply Chain segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and sells seamless stainless steel tubing coils; fasteners, adhesives, and fastening systems for the commercial low slope roofing industry, as well as specialty fasteners for the building products industry; and woven substrates of fiberglass, quartz, carbon, and aramid materials for specialty applications.
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